Trend Indicators

adx(source: TimeSeries, period?: number = 14): number

//@version=2

define(title="ADX Trend Strength", position="offchart", axis=true);

timeseries ohlcvData = ohlcv(symbol=currentSymbol, exchange=currentExchange);

var adxValue = adx(source=ohlcvData, period=14);

// Color based on trend strength
var colorIndex = adxValue > 25 ? 0 : 1;

plotLine(value=adxValue, width=2, colors=["green", "gray"], colorIndex=colorIndex, label=["ADX"], desc=["Average Directional Index"]);
hline(value=25, color="orange", width=1, style="dashed", label="Trend Threshold");

supertrend(source: TimeSeries, period?: number = 10, multiplier?: number = 3): [number, number]

//@version=2

define(title="Supertrend", position="onchart", axis=false);

timeseries ohlcvData = ohlcv(symbol=currentSymbol, exchange=currentExchange);

var supertrendData = supertrend(source=ohlcvData, period=10, multiplier=3);

plotLine(value=supertrendData, width=2, colors=["green", "red"], label=["Supertrend"], desc=["Supertrend Indicator"]);

ichimoku(source: TimeSeries, conversionPeriod?: number = 9, basePeriod?: number = 26, spanPeriod?: number = 52): object

//@version=2

define(title="Ichimoku Cloud", position="onchart", axis=false);

timeseries ohlcvData = ohlcv(symbol=currentSymbol, exchange=currentExchange);

var ichimokuData = ichimoku(source=ohlcvData, conversionPeriod=9, basePeriod=26, spanPeriod=52);

plotLine(value=ichimokuData, width=1, colors=["blue", "red", "green", "orange"], label=["Tenkan", "Kijun", "Span A", "Span B"], desc=["Conversion Line", "Base Line", "Leading Span A", "Leading Span B"]);